GainClients, Inc. Names Ed Laine as New Chief Executive Officer

Rhea-AI Summary

GainClients (OTC PINK:GCLT) announced the promotion of Ed Laine to Chief Executive Officer, succeeding founder Ray Desmond, who will remain on the Board. Laine, previously EVP of Marketing, has significantly contributed to client acquisition and banking connections. His extensive experience in the real estate sector positions him to enhance company efficiencies. The firm’s Mobile Earnest Money Deposit service addresses industry inefficiencies, offering secure, remote deposit capabilities that benefit real estate agents and title companies alike, generating setup and recurring revenues.

Positive

• Ed Laine's promotion as CEO may drive growth with his marketing expertise.
• The Mobile Earnest Money Deposit service improves operational efficiency and generates revenue.

Negative

• None.

TUCSON, AZ / ACCESSWIRE / September 14, 2021 / GainClients, Inc. (OTC PINK:GCLT) ("GainClients" or the "Company") is pleased to announce that it has promoted Ed Laine to the position of Chief Executive Officer. The Company provides technology services to the real estate and title industries and Mr. Laine has been their EVP of Marketing for the last 2 years. Mr. Laine will be taking over the position from longtime CEO and founder, Ray Desmond. Mr. Desmond will remain on the Board of Directors and provide his leadership and guidance to the Company in this capacity.

Mr. Desmond commented on the promotion, "We are very excited with the future prospects of the Company, many of which Ed has created, and feel that he is the best person to lead the Company on into the future." Mr. Laine, as the head of Marketing, has been integral in bringing the company new clients and Bank connections. "We are doing some exciting things at GainClients and will have several more announcements in the coming weeks and months, and on into 2022", Mr. Laine stated.

Mr. Laine has been in the Real Estate Industry for decades and knows the challenges that many companies face when trying to build efficiencies into their organizations. GainClients provides solutions to solve these inefficiencies and thereby helps those companies scale their businesses. "Ed's background in Real Estate and Mortgage, as well as having previously led a public company, makes him the perfect candidate to lead GainClients", according to Mr. Desmond.

The Company's Mobile Earnest Money Deposit service provides the ability to take a picture of an earnest money check and deposit it into a bank account from a remote location, such as an office or home, without having to physically deliver the check to the receiver. Proven to be secure by the banking industry, mobile remote depositing offers better protection against fraud, lost checks, and saves time.

For the real estate agent, the service will eliminate the time spent picking up checks from their buyer clients and fees charged by title companies. For title companies, it will reduce the millions spent on manual courier services and overnight shipping costs along with expediting the escrow opening process. It's also a beneficial service from title companies to their REALTOR® partners that will strengthen existing relationships and forge new ones.

GainClients introduced the service earlier this year to several title companies in Indiana, Oregon and Washington state and has already collected revenue from contractual set-up fees, as well recurring revenues.

About GainClients, Inc.

GainClients products, the GCard, the Daily Opportunity Service and Remote Deposit Capture, consist of custom formatted data and marketing services created for the real estate industry including real estate
agents and brokers, lender brokerages, title/escrow and insurance companies and individual real estate, mortgage, and title and escrow professionals. Learn more at http://www.thegainclientsway.com/.

For More Information:

Ed Laine, at info@gainclients.com or at +1.206.229.5515;
Head office: 6245 E Broadway Blvd., Suite 400, Tucson, AZ 85711

Cautionary Statements

This corporate update contains "forward-looking information" that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

SOURCE: GainClients, Inc.

View source version on accesswire.com:
https://www.accesswire.com/663921/GainClients-Inc-Names-Ed-Laine-as-New-Chief-Executive-Officer

FAQ

Who is the new CEO of GainClients (GCLT)?

Ed Laine has been promoted to Chief Executive Officer of GainClients.

What services does GainClients (GCLT) provide?

GainClients offers technology services for the real estate and title industries, including the Mobile Earnest Money Deposit service.

What is the Mobile Earnest Money Deposit service by GainClients (GCLT)?

It allows remote deposits of earnest money checks through secure mobile technology, saving time and reducing costs.

What revenue streams has GainClients (GCLT) established?

GainClients has generated revenue from contractual setup fees and recurring revenues from its services.